Brookfield Residential investors OK $871 mln takeover by Brookfield
Brookfield Residential Properties Inc (TSX, NYSE: BRP) has received approval from its shareholders to proceed with a previously announced going private transaction whereby an affiliate of Brookfield Asset Management will obtain common shares of the firm that it does not already own. The deal, which is valued at US$871 million, is expected to close by the end of the month. Headquartered in Calgary, Brookfield Residential is a land developer and homebuilder with operations in markets across North America.
10 March 2015•4 mins read
